PRA has had a big gap down that opens for a mean reversion towards my standard target for these setups at 5 MA at daily. If you would like a secondary target that normally gets you in security a bit earlier you can scale out with some of your posistion at Connors RSI reading with close above 70 on the daily.
Stop and target is dynamic at 5 MA as use of stop lessens the edge of these setups.
PS:
SAME SETUP SIGNAL IS GIVEN IN FOLLOWING TICKERS AT NYSE FROM YESTERDAYS CLOSE (OR MARKET):
PMT, NRZ, TWO. CHMI, ANH
Look for an textbook setup I had some days ago with Winnebago with nice P/L (see link)
Stop and target is dynamic at 5 MA as use of stop lessens the edge of these setups.
PS:
SAME SETUP SIGNAL IS GIVEN IN FOLLOWING TICKERS AT NYSE FROM YESTERDAYS CLOSE (OR MARKET):
PMT, NRZ, TWO. CHMI, ANH
Look for an textbook setup I had some days ago with Winnebago with nice P/L (see link)
